Links and Reading for September 20th
September 20, 2011 2:00 am
Some of the more interesting and important items for September 20th :
- The 10 most expensive streets in the U.S. – Slide Show – MarketWatch – The 10 most expensive streets in the U.S. Where office space costs the most: Silicon Valley, Manhattan
- U.S. probes hedge funds for insider trades: WSJ – MarketWatch – LOS ANGELES (MarketWatch) — The Securities and Exchange Commission has issued subpoenas to hedge funds and other financial firms as part of an investigation of alleged insider trading ahead of the Standard & Poor's downgrade of its U.S. sovereign credit rating, The Wall Street Journal reported Tuesday, citing unidentified people familiar with the matter. The report didn't say which investment firms received subpoenas. It described the subpoenas as "unusually broad, seeking information about why certain trades were made."
- Apple iPad Tablet Shaking Up How Firms Do Business – Investors.com – Apple iPad Tablet Shaking Up How Firms Do Business
- U.S. Stocks Sink, But Apple Hits New High – Investors.com – U.S. Stocks Sink, But Apple Hits New High
- Drug Spending Targeted in Obama’s $320 Billion Health Cut – Bloomberg – President Barack Obama’s deficit- trimming proposal would cut $320 billion from U.S. health programs in prescription drug and nursing home spending and by increasing individuals’ payments for Medicare coverage.
- S&P Cuts Italy Rating on Weak Growth Outlook – Bloomberg – Italy’s credit rating was cut by Standard & Poor’s on concern that weakening economic growth and a “fragile” government mean the nation won’t be able to reduce the euro-region’s second-largest debt burden.
- Bank of China halts FX swaps with some European banks | Reuters – (Reuters) – Bank of China (601988.SS), a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.
- Alan Abelson’s Up and Down Wall Street Column in Barron’s – Barrons.com – Advice to our chosen representatives busily primping and posturing in preparation for next year's election: Think twice before you make any irrevocable decision to retain your seat. And we render that counsel fully aware that it will take a great effort for all but a few of you to think even once about seeking your constituents' approval (or, for that matter, anything else).
- Is Netflix doomed? – Portfolio Insights by Brett Arends – MarketWatch – We were on the “Oh, yeah, I forgot I was subscribing to that” plan. With the “Honey, we’ve had this National Geographic documentary DVD for two months — are we really going to watch it, or should we just send it back?” option.
- Dow hits 20,250 by 2020, but first a big crash – Paul B. Farrell – MarketWatch – SAN LUIS OBISPO, Calif. (MarketWatch) — Warning: 91% of America’s financial planners are pushing clients into riskier investments, according to a new Financial Planning Association study on “Alternative Investments.” Get it? In today’s highly volatile markets advisers appear to be running as scared as their clients, chasing risky returns.
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